Knicks waive Joakim Noah

Joakim Noah was one of the Knicks’ worst signings

It’s been 10 months and finally it looks like the New York Knicks will be moving on from center Joakim Noah.

There have been reports over the past two weeks that the Knicks and Noah will finally part ways, but nothing has happened.

There is finally light at the end of the tunnel for both sides.

ESPN’s Adrian Wojnarowski and Ian Begley reported on Saturday that the Knicks will waive Noah, since both sides were unable to agree on a buyout.

Sources with @ianbegley: Knicks center Joakim Noah has no traction on an open roster spot elsewhere in NBA, so he’s remained unwilling to agree to a buyout. New York simply waiving and stretching the $38M owed him likely comes soon.

A buyout would have been better for the Knicks so they could have gotten Noah’s contract off their books, but they will instead stretch out the remaining $38 million they owe him in order to lessen the cap hit.

With the Knicks having to cut down their roster with the regular season only days away from starting, they need Noah’s roster spot. So waiving him at this point makes the most sense.

The Knicks will likely use Noah’s spot for young center Noah Vonleh, who’s looked good during the preseason.

It will be interesting to see where Noah signs once he’s waived. He still has value as a defender. It’s a shame how things have ended between him and the Knicks.

Update: It’s official. Noah has been waived.

The Knicks announced today that the team has waived three players: guard Kadeem Allen, forward Jeff Coby and center Joakim Noah